WI-based Fiserv reported third quarter revenue of $1313 million compared to $1263 million for 3Q/14 or up 4.0%. Net operating income for 3Q/15 rose 8.6% year-on-year (YOY) from $315 million in 3Q/14 to $342 million for the third quarter.
Processing and services revenue increased 5.8% YOY to $1125 million.
The cost of processing and services were $541 million, delivering gross operating income of $584 million for 3Q/15.
Third quarter revenue for Payments and Industry Products posted at $714 million, compared to $686 million for 3Q/14 or up 4.1% YOY.
FISERV REVENUES HISTORICAL
3Q/14: $1263 million
4Q/14: $1076 million
1Q/15: $1067 million
2Q/15: $1109 million
3Q/15: $1313 million
Fiserv expects 2015 internal revenue growth of 5 percent and adjusted earnings per share in a range of $3.84 to $3.87 versus the previous range of $3.73 to $3.83, which now represents growth of 14 to 15 percent over $3.37 in 2014.
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